Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Taxes January 8, 2025
Mid-Market CEOs Worried About Financial Impact of Trump’s Tariffs, Survey Finds
However, optimism about the business environment is rising among middle-market CEOs, with tax policies getting a mixed reaction, according to the latest survey from top 15 accounting firm CBIZ and Hofstra University.
Taxes January 8, 2025
Opinion: 3 Ways More IRS Cuts Under Trump Could Hurt the Economy
Donald Trump's election with Republican majorities in Congress likely means less funding for tax enforcement. That will hurt economic productivity and efficiency.
Taxes January 8, 2025
Opinion: The Case for Killing the Tax Credit for Electric Vehicles
It's ineffective at shaping behavior, and it primarily benefits the wealthy while needlessly adding to the deficit. EVs aren't even good at curbing climate change, and the credit could be stifling better alternatives.
Payroll January 8, 2025
California CEO Pleads Guilty to Employment Tax Crimes
In total, John Comeau caused a tax loss to the IRS of approximately $1,150,000. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Taxes January 8, 2025
Pat Ryan Calls for Bipartisan SALT Talks with Trump at Mar-a-Lago
The New York Democratic congressman said on Jan. 7 that he has urged President-elect Donald Trump to include Democrats in upcoming Mar-a-Lago negotiations on eliminating a cap on a federal tax program.
Taxes January 7, 2025
Trump Keeps World Guessing Over How He Intends to Impose Tariffs
In the past 24 hours, President-elect Donald Trump has said that Congress will use revenue from tariffs to help pay for extending his 2017 tax cuts in a “powerful” bill that would eliminate taxes on tips.
Taxes January 7, 2025
Here’s What Comes Next for California Fire Victims Who Won Federal Tax Relief
Tens of thousands of Northern California fire victims stand to recover millions of dollars in reimbursements for federal taxes paid on wildfire settlements now that the Federal Disaster Tax Relief Act finally passed Congress last month and was signed by President Joe Biden on Dec. 12.
Taxes January 7, 2025
The Tax Blotter – January 2025
The Tax Blotter is a round-up of recent tax news, briefs, and court rulings.
Technology January 6, 2025
Taxfyle to Debut AI Tax Assistant in January
The on-demand accounting platform is set to launch its new AI customer assistant, Luis, on Jan. 31, which Taxfyle says will serve as a bridge during the customer journey to make their tax filing experience easier and quicker.
Taxes January 6, 2025
Trump’s Major Legislative Agenda Will Pass by May, Speaker Mike Johnson Says
Johnson said on Fox News that the massive bill would address issues such as an extension of the 2017 Trump tax cuts, border security, raising or eliminating the federal debt ceiling, reducing federal regulations and “dismantling the deep state.”
Taxes January 3, 2025
Trump Picks Ken Kies for Key Tax Policy Job at Treasury Department
Kies, a longtime Republican lobbyist, will be assistant secretary for tax policy, placing him as a point person at Treasury working on tax cuts Trump has touted as a signature policy issue for 2025.
Taxes January 2, 2025
Will the Limits on SALT Deductions Finally be Ended in 2025? Trump Says Yes
Finally, the long-sought lifting of the cap on state and local tax deductions seems to have the support it needs in Congress. Perhaps most important, President-elect Donald Trump backs the idea.